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20121027
20121104
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CNBC 1
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. if president obama is elected. he's got to worry about his legacy and maybe do some things and say let's not just look at each other with nasty faces. >> who's right? >> that switch, if you go back sir months ago was just the opposite. businesses were doing okay. consume er struggling. 2% real gdp, we just got that at the end of the week on top of 2.4 in 2010. 2.0 last year. first three quarters of this year, averaging 1.7. 2% growth. >> what about the housing market, bob? it feels like it's doing better than the overall economy. feels like it's on the rebound. how important is that and do you believe we are seeing an improvement in housing? >> i think the last part, we are seeing a slow bump in housing. it is part of the reason why the consumer is feeling better. i think housing is key. remember, housing, mortgaging, credit, almost did us in a few years ago and so, that feeling slowly is a good thing. >> let's talk fed for a moment. this week, the federal reserve left interest rates unchanged. said it would continue to buy mortgage-backed securities at $40 billion a month. qe continue
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